BillMyParents Appoints Finance Executive Brian Thompson to

BillMyParents Appoints Finance Executive Brian Thompson to Board of
Directors
Managed High-Growth Companies to Over $1 Billion in Revenues
SAN DIEGO, CA -- (Marketwire) -- 11/05/12 -- Teen payments solutions
company BillMyParents, Inc. (OTCQB: BMPI) announced today the
appointment of Mr. Brian Thompson to its Board of Directors. He
becomes BillMyParents' 5th independent director. Mr. Thompson is a
seasoned finance executive who has held senior level positions
including President and CFO of high growth companies generating
revenues of over $1 billion.
Mr. Thompson is currently Senior Vice President of Equity Dynamics,
Inc., a financial consulting entity established by renowned business
leader and philanthropist John Pappajohn. Mr. Thompson negotiates
investment transactions, performs due diligence and is heavily
involved in capital raises for new ventures. Prior, he served as
Chief Financial Officer and Chief Administrative Officer for Kum &
Go, one of the largest convenience store chains in the U.S., where he
managed growth in revenues from $600 million to $1.3 billion during
his tenure. He has served as President and Chief Financial Officer of
Astracon, a provider of connectivity intelligence software to
communications service companies. As a partner and Chief Financial
Officer for Edgewater Private Equity Funds from 1995 to 2000, Mr.
Thompson completed over 15 private equity transactions with capital
in excess of $300 million.
"Mr. Thompson will help us achieve our strategic vision," said
BillMyParents Chairman and CEO, Mike McCoy. "He has a wealth of audit
and risk management experience as well as comprehensive expertise in
building small cap companies, all of which make him a perfect
addition to the other notable members of our board."
"I am honored to have been asked to join the dynamic team of leaders
on the BillMyParents board," said Mr. Thompson. "I look forward to
working closely with them throughout the next phase of the company's
evolution, and contributing to its success."
For more information, please visit: www.BillMyParents.com
About BillMyParents
BillMyParents, Inc. (OTCQB: BMPI), the
Responsible Teen Spending Company, offers a solution for parents who
want to help their teens develop smart spending habits. The
BillMyParents SpendSmart MasterCard card is the instantly trackable,
reloadable MasterCard prepaid card that lets parents and teens track
spending in real time. Features include the ability to instantly
lock, unlock and reload the card at any time; text alerts to parents
and teens showing real-time transaction details with each purchase;
and the freedom and security of a MasterCard prepaid card without the
risk of overdrafts, accruing debt or affecting credit scores.
BillMyParents provides parents with a modern way to help teach their
teens financial responsibility, when it counts. For more information,
please visit www.BillMyParents.com.
The SpendSmart Prepaid MasterCard card is issued by University
National Bank, member FDIC. MasterCard and the MasterCard brand mark
are registered trademarks of MasterCard International Incorporated.
Certain statements contained in this press release are
"forward-looking statements" within the meaning of federal securities
laws, including, without limitation, anything relating or referring
to future financial results and planned business activities. Such
statements are inherently subject to risks and uncertainties, which
include, without limitation, those in Company reports filed with the
SEC. The Company can give no assurance that such expectations will
prove correct. Future events and actual results could differ
materially from those statements.
Media Contact:
Sunny Zobel
503.927.4488
sunny@zumyum.com
Investor Relations Contact:
Laurel Moody
Corporate Profile
646-810-0608
lmoody@corporateprofile.com